Kisan Fasal Rahat Yojana is a crop insurance scheme of the state of Jharkhand. It is to replace Pradhan Mantri Fasal Bima Yojana. It will be launched on 29th December and will come to effect after three months. It is a compensation scheme that seeks to provide security cover to farmers in case of crop damage due to natural calamity. It will cover both land-owning and landless farmers. Implementation will be done by Department of Agriculture, Animal Husbandry and Cooperative.